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ARIZONA STATE SENATE
Fifty-Fourth Legislature, Second Regular Session
delinquent property tax; interest; waiver
Purpose
Allows a county treasurer to waive a taxpayer's accrued interest and penalties on delinquent property taxes that occur within the one-year period after a mortgage or deed of trust is satisfied.
Background
A county treasurer acts as the agent for Arizona for the collection of property taxes with respect to tax liens and property in Arizona (A.R.S. § 42-18005).
Delinquent property tax incurs a 16 percent interest rate per year from the time of delinquency until paid. Interest may not be collected if the: 1) delinquency is the result of an error by the county assessor or county treasurer; or 2) full year tax is paid by December 31 of the tax year regardless of any other statutorily required due dates for delinquencies of $100 or less (A.R.S. § 42-18053).
There is no anticipated fiscal impact to the state General Fund associated with this legislation.
Provisions
1. Allows a county treasurer to waive a taxpayer's accrued interest and any other penalties for delinquent property taxes that occur during the one-year period after a mortgage or deed of trust is satisfied or otherwise released on the property.
2. Limits the taxpayer waiver to only once per property.
3. Makes technical changes.
4. Becomes effective on the general effective date.
House Action
WM 1/22/20 DP 10-0-0-0
3rd Read 02/11/20 59-0-1
Prepared by Senate Research
March 2, 2020
MG/AJS/gs